Why Carnival, Norwegian Cruise, and Royal Caribbean Stocks Bounced Back Today

Words have power -- as investors discovered to their dismay last week.

News of the new omicron variant of COVID-19 shocked the stock market, sending shares of cruise line stocks Royal Caribbean (NYSE: RCL), Carnival (NYSE: CCL) (NYSE: CUK), and Norwegian Cruise Line Holdings (NYSE: NCLH) tumbling 10% and more in Friday trading. But here on Monday, investors are starting to get more comfortable with adding "omicron" to their coronavirus lexicon -- and cruise line stocks are beginning to recover.

As of 10 a.m. ET, Royal Caribbean is back up 3.6%, Carnival stock is gaining 2.7%, and Norwegian Cruise Line shares have regained almost 2%.

Continue reading

Source Fool.com